Pantoro Gold Limited · ASX:PNR
Pantoro Gold — Pacific Niugini — Investor Presentation (September 2014)
18 slides from Pantoro Gold's investor presentation, Sep 26, 2014
Slide 1: Near term, high grade gold production at Nicolsons
For personal use only Near term, high grade gold production at Nicolsons September 2014 ASX : PNR
Slide 2: Disclaimer
DISCLAIMER For personal use only General Disclaimer This presentation has been prepared by Pacific Niugini Limited (“Pacific Niugini” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This present
Slide 3: Halls Creek Project Highlights
HALLS CREEK PROJECT HIGHLIGHTS For personal use only All the ingredients for a rapid, high grade mine development: • Excellent tenure position: The project lies on granted Mining leases with established high grade resources. • Existing JORC resource: 260,000oz @ 5.6g/t. Majority at Nicolsons (214,00
Slide 4: Corporate Structure
CORPORATE STRUCTURE For personal use only Board: Peter Cook – Non‐Executive Chairman. Highly successful Australian mining identity behind companies such as Hill 50 Gold Limited; Abelle Limited, and Metals X Limited. Paul Cmrlec – Managing Director. Mining engineer with strong operational and corpora
Slide 5: Drilling Program Nearing Completion
DRILLING PROGRAM NEARING COMPLETION For personal use only ¾ Initial 11 hole (approximately 2,500m) diamond drilling program designed to extend and validate resource close to completion. ¾ First time the Nicolsons deposit has been the subject of a substantial diamond drilling campaign – well defined
Slide 6: Initial Mine Plan Only a Fraction of the Potential
INITIAL MINE PLAN ONLY A FRACTION OF THE POTENTIAL For personal use only Potential for expansion Potential for Current Program Mineralisation expansion Host Sequence >10 gxm Initial Mining Plan <10gxm Potential for expansion Expansion Opportunity – resource only constrained by lack of drilling at de
Slide 7: Example Sections
For personal use only 7 EXAMPLE SECTIONS
Slide 8: Re-start and Operating Philosophy
RE-START AND OPERATING PHILOSOPHY For personal use only Capital Discipline ¾ Capital requirements split into three phases: • Phase 1 ‐ Critical works for mining commencement, to make processing plant compliant and operational, and minimum infrastructure upgrades to commence work – nominally the firs
Slide 9: Impacts of Higher Grade and Throughput
IMPACTS OF HIGHER GRADE AND THROUGHPUT For personal use only Nicolsons Plant Production Capacity 90000 Annual production @ 95% Recovery (Ounces) 80000 70000 60000 50000 120,000 tpa 40000 135,000 tpa 30000 150,000 tpa 20000 10000 Hole NRCD14007 – 1.2m @ 102.9g/t 0 6 8 10 12 14 16 18 Mine Grade (g/t)
Slide 10: Excellent Tenure Position
EXCELLENT TENURE POSITION For personal use only Project on granted mining leases free of encumbrances • All resources at the Nicolsons Project located on granted mining leases. • Leases are pre‐Native Title legislation. • Excellent relationship with underlying pastoral lease owner – Ngunjiwirri Abor
Slide 11: Excellent Potential for Long Mine Life
EXCELLENT POTENTIAL FOR LONG MINE LIFE For personal use only Lamboo Project area – more than just Nicolsons Mine ¾ Independent geological review concluded Exploration Targets in the range of 4 to 7 million additional tonnes @ 5.2 to 5.4 g/t for 0.7 to 1.1 million additional ounces. Includes large up
Slide 12: Halls Creek Project Acquisition
HALLS CREEK PROJECT ACQUISITION For personal use only “Nothing more to pay the vendor in order to reach 80% ownership – Project expenditure only” Deal Structure • Purchased from Bulletin Resources (ASX:BNR). • Structured to defeat competing offer from alternative bidder. • PNR effectively purchasing
Slide 13: Nicolsons Summary
NICOLSONS SUMMARY For personal use only Production at Nicolsons Deposit at Halls Creek is Pacific Niugini’s focus ¾ Excellent drilling program results. ¾ Excellent tenure with granted mining leases and access agreements in place. ¾ Infrastructure including processing plant in place, located adjacent
Slide 14: Garaina – Morobe Province
GARAINA – MOROBE PROVINCE For personal use only 14
Slide 15: Garaina Porphyry and Epithermal Target
GARAINA PORPHYRY AND EPITHERMAL TARGET For personal use only Exploration success story ¾ Virgin discovery by PNR in 2011 with rapid progression relative to other known PNG projects. ¾ Detailed magnetic surveys and petrology confirm porphyry copper‐gold potential. ¾ Kusi surface anomaly > 1.5km x 1km
Slide 16: Exciting Initial Drilling Results
EXCITING INITIAL DRILLING RESULTS ¾ Drilling targeting known zones of high For personal use only and low magnetic susceptibility. ¾ High grade gold identified in both zones drilled to date, with vectors indicating a potential porphyry deposit in the zone of magnetic destruction. Wafi Resource Plan v
Slide 17: Other PNG Assets
OTHER PNG ASSETS For personal use only ¾ EL 1616/ML457 Bulolo – near term production opportunity ‐ now fully permitted with mining lease issued under the current mining act in place at ML457. ¾ Potential for project JV or divestment – currently in discussion with multiple parties. Ten additional exp
Slide 18: Summary
SUMMARY For personal use only Production at Nicolsons Deposit at Halls Creek is Pacific Niugini’s focus ¾ Excellent drilling program results. ¾ Excellent tenure with granted mining leases and access agreements in place. ¾ Infrastructure including processing plant in place, located adjacent to major
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